AET | Business 101 - Economic & Management Sciences

An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. ~Jack Welch

Economic & Business Sciences

Businesses find it very frustrating when they try and explain the most basic business skills to their workforce and is met with either a blank look or opposition.To build a business in the current economic climate we have to educate our workforce in basic business & economic skills.

We have heard the learners state that they know how much money an organisation makes and therefore the organisation can afford to give them big increases. Then we play the World Monopoly Game with them and suddenly a light comes on - there is more to business than the income cheques. There are a LOT of expenditure as well.

The majority of South Africans live from one pay check or wage to the next. This leads to a mentality of scarcity and demand, that can only be addressed through education. This is a great module to address basic economic principles and lay a foundation for further education, discussion, debate and understanding how a democratic economy works.

Once again - we can deal with a lot of sensitive issues in this module, because we work through Ali's Travels, an international business in a democratic country.

The NEED for this MODULE

This module takes the learners through a case study | practical assignment where they are the owners of their own business. They deal with Ali's Travels in VictorY! Isle and are constantly given some curve balls where they have to deal with:

finance & contractual issues

staff issues

production issues

legal issues

other economies & exchange rates

management & administrative issues

and they have to find creative solutions - that are not illegal or unethical or they lose all their marks and fail the module.

It is fun, but very informative.

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What are the expected outcomes?

AET will ensure that every staff member is able to...

Demonstrate an understanding of basic accounting practices

Demonstrate an understanding of contracts and their sources

Demonstrate an understanding of the principles of supply and demand, and the concept: production

Identify and discussdifferent types of business and their legal implications

Identify, discuss, describe and compare major economic systems, with emphasis on the South African economy

Demonstrate an understanding of managerial expertise and administrative capabilities

This is a basic introduction into the world of economics & finance

The AET Business 101 modules are based on the unit standards as set out by SAQA for adult education & training. We follow the unit standards to the letter, but we added a lot to make it even more relevant to real life, as well as interesting and valuable to both the learners and the organisation.

This module exposes learners to a free market economy and gives them a sound foundation for understanding how a business is run and managed. It is not a indoctrination module where they are taught to be quiet and do as they are told, but a clear understanding of how a business operates and how workers can contribute to its success or its downfall.

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Course duration

55-65 hours of instruction is required per level - this can be implemented in different ways, depending on the training methodology chosen. See here or ﻿here﻿.

Course hours breakdown

The course is a total of 21 credits, equating to 210 notional hours of learning.Instruction = 30% or 55 hours(Additional - Excursions = 5% or 12 hours)Workplace = 50% or 105 hoursAssignments = 20% or 50 hours* Examination is not calculated as part of the training, as this is considered to be part of the assessment process.

AET Training Levels

This determined by the placement assessment & not qualification.Level 3 is below NQF 1Level 4 is = to NQF 1 See NQF Table

Who should attend

All workers will benefit from this training, not only those who need to upgrade their academic qualifications. Although, this is a course laying the foundation, not a middle or higher management course.

Admin - Cloud Based

Every client's documentation is stored to a cloud webpage where it can be accessed any time using a secure password. See more here

Entry requirements

NoneA placement assessment is used to determine the level of English comprehension, writing & speaking skills to determine if the learner will be able to handle the training modules. The learners are expected to be competent at an AET Level 3 English Communication level to successfully deal with this training module.

Learning methodology

Training is interactive, using various techniques and styles, even where the learner has chosen a part or total self-study route.Every sense of the learner is engaged in the training, so that all preferred learning styles are accommodated.We firmly believe that if the learner is not enjoying the process as much as it is stretching them, the learning is not as effective.See Methodologies

Orientation

Clients on long term training contracts, e.g. AET, FLC or Learnerships are supported with an orientation workshop for their managers & the candidates. See more here

Graduation

Assessment

Assessment is a continuous process, which includes a Portfolio of Evidence (PoE) and a final summative examinationthrough the IEB.* The IEB's Assessment Guidelines are used at all times. See more under Assessment

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Thank you for contcat us. Please could you be as specific as possible about what it is you are inquiring so that we can give you the best service possible. We have a 24hour turn around time during the week - but are closed over weekends. Wishing you a wonderful day. The Ali Team